Subsea 7 Enters the Shareholder Base of Airborne Oil & Gas

Airborne Oil & Gas, the manufacturer of Thermoplastic Composite Pipe (TCP) for oil & gas applications, announces the latest addition to its shareholder base with Subsea 7. Subsea 7 is a specialist in seabed to surface engineering, construction and service contractor.

The investment by Subsea 7 entails a partnership of strategic importance to both parties providing the oil & gas industry with cost effective pipe technology solutions that are non-corrosive, light-weight, simpler and faster to install.

Marnix Boorsma, CEO Airborne Oil & Gas “We are proud of our shareholder base, which already included Shell, Chevron, Saudi Aramco and Evonik. We are delighted to be able to work with Subsea 7. They will contribute importantly to our overall value proposition, especially given the role that installation contractors nowadays are increasingly taking in the industry. Subsea 7 is optimally positioned to advise energy companies at an early stage on the best pipe structure and set-up. Their significant presence in Brazil, a key region for Airborne Oil & Gas’ activities, supports our business – especially regarding deepwater opportunities. We look forward to collaborate with Subsea 7, also on the development of other innovative pipe solutions for the industry.”

Related Posts

daily.jstor.org — From disposable straws to lifesaving medical devices, plastics comprise the best and worst of technologically-driven economic advances. Cultural and design historian Jeffrey L. Meikle writes that from the start, it’s been clear that there’s something...

LONDON (Alliance News) - Essentra PLC on Tuesday said is has divested its Extrusion business to Inter Primo AS in a deal which values Extrusion at EUR16.2 million free of cash and debt. The consideration is subject to adjustments for working capital and net debt and...

plasticsnewseurope.com/ — Lanxess AG has developed a low free MDI-based cast urethane, which can be processed via injection moulding. Adip rene C930 is based on a low-free-monomer prepolymer, with viscosity lower than a conventional prepolymer, that delivers improved...

PlasticsToday.com — What do you feel guilty about? Since you’re reading PlasticsToday, you’re obviously connected to the plastics industry in some way, which means you are probably smarter than the average bear when it comes to plastics technology. A new survey of...

Makdaily.com — The stock of Milacron Holdings Corp (NYSE:MCRN) registered an increase of 39.93% in short interest. MCRN’s total short interest was 953,200 shares in June as published by FINRA. Its up 39.93% from 681,200 shares, reported previously. With 283,900 shares...

ScienceDirect.com — Solid single-Li+-ion conducting polymer electrolytes are currently explored for safe high-temperature lithium batteries. In the present work we have prepared and studied materials based on alternating mesogen-like naphthalene sulfonate units...

Advancedsciencenews.com — Highly specialized polymers with specific functionality has attracted strong research interest worldwide. Generally, functionality is defined as the “quality of being suited to serve a purpose well” (according to the Oxford English...

Flinders University — Many modern plastics, rubbers and ceramics cannot be recycled, but new polymers made from waste sulfur are promising to solve one of the planet’s biggest recycling problems – and even create new industries of the future. Researchers around the...

Canplastics.com — Paul Caprio, president of processing machinery maker Krauss-Maffei Corp., is leaving the company effective June 7. Caprio has been with the Florence, Ky.-based company for the past 25 years, and has served as president since May 2009. In a June 5...

France — Since it was acquired by Groupe Gorgé in 2013, Prodways has been growing and transforming at a rapid pace, developing new 3D printers and materials while acquiring numerous smaller companies and expanding its product portfolio. All the while, some have been...